Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flowsindirect method.

MIGITSU COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$75,000			$20,000
Accounts receivable		85,000			75,000
Inventories		172,000			192,000
Land		71,000			100,000
Equipment		262,000			200,000
Accumulated depreciation		(67,000	)		(34,000	)
Total		$598,000			$553,000
Liabilities and Stockholders Equity
Accounts payable		$35,000			$52,000
Bonds payable		151,000			209,000
Common stock ($1 par)		218,000			172,000
Retained earnings		194,000			120,000
Total		$598,000			$553,000

Additional information:

1.	Net income for 2020 was $105,000.
2.	Cash dividends of $31,000 were declared and paid.
3.	Bonds payable amounting to $58,000 were redeemed for cash $58,000.
4.	Common stock was issued for $46,000 cash.
5.	Equipment that cost $50,000 and had a book value of $30,000 was sold for $36,000 during 2020; land was sold at cost.

Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)